Home Back Issues June 2009 Fields of few dreams

Fields of few dreams

| Print |  Email
Archives - June 2009
Monday, June 01, 2009
ATSWheatWhat will prices be at harvest this year? “That’s literally the million dollar question,” says Tammy Dennee, executive director of the Oregon Wheat Growers League. Many commodity prices have plunged since the recession began, others are flat, and there’s not much optimism in the fields these days.

According to Brent Searle, economist at the Oregon Department of Agriculture, Oregon grows more than 220 commodities, with 40 of them grossing more than $10 million each per year.

“Different commodities are being affected in different ways,” Searle says. “Almost all of them are either flat or down right now.”

Grass seed, Oregon’s second-most-valuable crop, is down because sales are tied to housing developments and golf courses. Both have drastically cut back on seeding.

Hop farmers also are facing a bleak market.

“Right now you can’t give a hop away,” says John Annen of Annen Brothers hop farm in Mt. Angel. “Nobody is buying right now. There is no market.”

Annen Brothers locked in their prices early by negotiating contracts with brewers to avoid selling their hops on the market.

And last year’s optimism in the wheat industry has evaporated. Farmers planted 90,000 fewer acres of wheat in 2009 than in 2008, in what Bruce Eklund, deputy director of the National Agriculture Statistic Service’s Oregon Field Office, calls a “nationwide phenomenon.”

The average price of wheat in 2008 was $6.50 a bushel, down $1.73 from 2007’s average. A bushel currently sells for $5.40, 10 cents below the break-even mark.

Blackberries are one commodity that could potentially see an improvement in sales. The demand is up and the stock of frozen blackberries is low, but so is investor confidence. “Buyers are hesitant because they don’t know where the market will go,” says Searle.
JENNY FURNISS
 

More Articles

100 Best Nonprofits announced

News
Thursday, October 02, 2014

100NP14logo4WebOregon Business magazine has named the sixth annual 100 Best Nonprofits to Work for in Oregon.


Read more...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS